- If you choose to use an agent, use only a RERA registered broker / agent.
- When using a registered agent / broker, ensure that you have appointed them with the approved documents and that the agent has good market knowledge on pricing, availability and RERA rules and regulations.
- Make sure you maintain communication with your agent. If the agent does not do what they agreed to do, terminate them and find another agent.
- Inability to demonstrate that you were dealing with a registered broker could harm your defense in an instance where there is a defaulting party.
If the Property is Tenanted
- The Seller must provide Original Tenancy and EJARI contract to the Buyer on the transfer date.
- If the Buyer wants to move-in to the property, the Seller should apply Vacating Letter notarized and stamped by Notary Public and sent to the Tenant. This will give a tenant a 12 month notice to vacate the property after receiving the notarized letter.
- The existing owner must transfer the tenant’s security deposit to the new owner upon transferring of the property. This deposit is payable back to the Tenant upon vacating the property providing it meets the condition agreed upon in the tenancy Contract. The same applies to the rent based on a prorate basis or as otherwise agreed between the Buyer and Seller.